RioCan Real Estate Investment Trust (TSE:REI.UN) Updates FY 2025 Earnings Guidance

RioCan Real Estate Investment Trust (TSE:REI.UN) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.890-1.920 for the period, compared to the consensus earnings per share estimate of 1.840. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

REI.UN has been the subject of several recent research reports. CIBC upped their price objective on shares of RioCan Real Estate Investment Trust from C$21.00 to C$22.00 in a research note on Wednesday, November 13th. BMO Capital Markets raised shares of RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from C$21.00 to C$20.50 in a research note on Wednesday, December 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$21.67.

RioCan Real Estate Investment Trust Stock Down 1.4 %

REI.UN traded down C$0.27 during midday trading on Thursday, reaching C$19.28. The company’s stock had a trading volume of 511,282 shares, compared to its average volume of 599,350. The firm has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 96.40 and a beta of 1.31. The company has a current ratio of 0.30, a quick ratio of 0.08 and a debt-to-equity ratio of 95.37. RioCan Real Estate Investment Trust has a 1 year low of C$16.26 and a 1 year high of C$20.83. The stock’s 50-day moving average is C$18.49 and its 200-day moving average is C$18.86.

Insider Activity

In related news, Director Richard Dansereau acquired 4,005 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of C$19.47 per share, for a total transaction of C$77,977.35. Also, Senior Officer Oliver Harrison sold 4,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$18.95, for a total transaction of C$75,804.00. Corporate insiders own 0.31% of the company’s stock.

About RioCan Real Estate Investment Trust

Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada’s portfolio of retail-focused, increasingly mixed-use properties. The REIT’s property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada.